News

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Sat, 13 Jul 2019 16:20:23 GMT

China to enforce emission checks over steel mills

China is expected to continue to toughen production restrictions in the heavy industry by the end of the year and will enforce emission assessment over steel mills, the Ministry's of Environment official stated.

Sat, 13 Jul 2019 14:59:10 GMT

Malaysia to consider budget risks scenarios

The Finance Minister of Malaysia stated that the budget for 2020 will take into consideration risk scenarios caused by the US-China trade war, even as the country's economy revealed signs of resilience.

Sat, 13 Jul 2019 14:27:00 GMT

Uzbekistan to rise gas exports

Uzbekneftegaz, the state-owned company of Uzbekistan, stated that it is set to export 15B cubic meters of gas in the year of 2019, a 15% increase from the prior year.

Sat, 13 Jul 2019 13:19:00 GMT

Chinese food industry expands in Jan-May

Chinese retail sales of oil, food, grain, tobacco, alcohol and beverage and reached nearly $118.89B in the January-May period, up 9.5% from a year earlier, growing steady five months in succession, the statement stated.

Sat, 13 Jul 2019 12:29:56 GMT

Ping An to invest in iTutorGroup

China's Ping An Insurance Group Co stated on Friday that it would make an investment in the online education startup autograph in order to extend its smart education part of business.

Sat, 13 Jul 2019 11:28:20 GMT

South Korea calls Japan to drop export restrictions

The South Korean Trade Ministry stated on Saturday that it has called its Japanese colleagues to revoke all restrictions on the country's exports at the latest bilateral meeting.

Sat, 13 Jul 2019 10:06:19 GMT

China to blacklist two US firms

The Foreign Ministry of China stated on Friday that it would impose sanctions on the US General Dynamics Corporation and Raytheon for arms sale to the Taiwanese government.

Sat, 13 Jul 2019 09:12:48 GMT

Trump suspends Obama's fuel efficiency regulation

On Friday, the Trump administration has issued a rule that would suspend Obama's regulation that substantially increased fines for car producers that failed to meet fuel efficiency criteria.

Sat, 13 Jul 2019 08:02:58 GMT

Ferrari to recall vehicles in China amid defective airbags

Ferrari is set to recall 200 imported cars in China amid faulty unit of electronic control on these cars, which may result in air bag malfunction, causing safety hazards, the statement stated.

Sat, 13 Jul 2019 07:32:41 GMT

US FTC approve $5B Facebook settlement on privacy issues

The Federal Trade Commission of the US approved a roughly $5B settlement with Facebook this week on the investigation into the company's handling of data of users, a source familiar with the matter stated.

Sat, 13 Jul 2019 05:45:51 GMT

E.ON likely to win EU antitrust approval for Innogy deal

E.ON is set to win the EU antitrust permission to acquire its rival Innogy's retail and network assets, in a deal that might transform the German firm into the European energy market's major player, according to sources familiar with the matter.

Sat, 13 Jul 2019 05:11:27 GMT

China's Fosun set to rescue Britain's Thomas Cook

Thomas Cook is discussing £750M worth rescue that will grant its largest investor Fosun Tourism full control of the debt-laden British company's package-tour business.

Sat, 13 Jul 2019 04:16:43 GMT

India seeks to attract $47B from sales of state firms' stakes

India's government is planning to raise $47.4B over the five years by selling about 40% stakes in big state-owned companies, Reuters reported citing senior government officials, in the country's largest privatisation push in over 20 years.

Sat, 13 Jul 2019 02:46:36 GMT

AB InBev Asia scraps world's biggest 2019 IPO

On Friday, Anheuser-Busch InBev announced it had cancelled the Hong Kong planned initial public offering of Budweiser Brewing Company, the group's Asia Pacific unit, which deemed to be the world's largest listing of 2019.

Sat, 13 Jul 2019 02:26:18 GMT

Galeries Lafayette takes controlling stake in Mauboussin

On Friday, France's Galeries Lafayette stated it had tied up with Alain Nemarq, the chairman of Mauboussin, to acquire the majority stake of the jeweller, not disclosing the financial terms of the deal that should be cleared by France's Competition Authority.

Fri, 12 Jul 2019 20:02:09 GMT

Volkswagen and Ford extend multibillion dollar alliance

Volkswagen AG and Ford Motor announced on Friday that they would spend billions of the US Dollars to jointly produce self-driving and electric vehicles.

Fri, 12 Jul 2019 19:04:26 GMT

Thomas Cook to give China's Fosun minority stake

Thomas Cook is planning a $941 million rescue, that would give China's Fosun Tourism a minority stake in Thomas Cook's airline business.

Fri, 12 Jul 2019 18:00:52 GMT

BOA appoints Pauli as head of equity capital markets

On Friday, Bank of America announced the appointment of Thorsten Pauli as the head of equity capital markets in Switzerland, Austria and Germany.

Fri, 12 Jul 2019 17:02:35 GMT

Mexico's President Obrador sees no threat of recession

On Friday, The President of Mexico Andres Manuel Lopez Obrador stated that he doesn't see any threat to Mexico's economy, as he brushed aside recession concerns.

Fri, 12 Jul 2019 15:59:28 GMT

Dow and S&P 500 hit record high

The Dow Jones Industrial Average and the S&P 500 hit a record high on Friday after the US Federal Reserve's Chairman Jerome Powell remarks raised hopes on the interest rate cut.

Fri, 12 Jul 2019 15:10:20 GMT

US Labour Secretary resigns

On Friday, the US President Donald Trump announced that labour secretary Alex Acosta has resigned amid a furore over a plea deal with Jeffrey Epstein.

Fri, 12 Jul 2019 13:55:51 GMT

Apple restores parental control app OurPact

Apple Inc has restored its OurPact parental control software application this week to the App Store after it had been removed due to privacy concerns in February, the tech giant announced on Friday.

Fri, 12 Jul 2019 13:37:34 GMT

Verizon looks for buyers for Yahoo Finance

Verizon Communications has been looking for buyers earlier this year for Yahoo Finance, the financial portfolio and news management tools provider, and finished its search recently, not disclosing the potential buyer's name yet, citing the private talks.

Fri, 12 Jul 2019 11:52:20 GMT

Twitter comes back up after global outage

On Friday, Twitter's CEO Jack Dorsey announced the microblogging platform has been slowly coming back up after it suffered from the global outage on Thursday, sending the company's shares marginally down during extended trading.

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